A Simple Solution For Reducing Taxpayer Fraud

Sat, 05/26/2012 - 15:23 EDT - Forbes.com - Top Stories

Some of the best ideas are the most simple. This dawned on me while chatting with a fellow tax pro at a recent networking event (okay, it was a cocktail party, same thing). The two of us spent a few minutes talking about tax fraud and the child tax credit (yes, that?s what tax professionals ...

U.S. Rep. Sam Johnson, R-Texas, left, wants to end the practice of giving illegal immigrants tax credits for kids, but U.S. Sen. Harry Reid, D-Nev., won’t let the House-approved measure H.R. 556 through the Senate.
"The System is Working Fine" says Senator Harry Reid, even though the Joint Committee on Taxation calculates that enactment of H.R. 556 would save taxpayers $24.4 billion over the next decade.

However, if you’re one of the many people who approaches networking events with trepidation, don’t worry; Matt Perkins, Head of SME Engagement at FreeAgent, which provides the UK’s market-leading online accounting system specifically designed for small businesses and freelancers – has some tips.
Look out for a friendly face

Everything you want in life has a price connected to it. There’s a price to pay if you want to make things better, a price to pay just for leaving things as they are, a price for everything.
The price may be in time, effort, money, emotional turmoil, or physical discomfort. It always comes back to time, however. You aren’t going to live forever, so time is a limited resource.

By Somnath MukherjeeIts been the Ides of February for public sector banks (PSBs). First, Bank of Baroda faced questions on business practices and customers in South Africa.Next, the State Bank of India declared a quarterly loss, its first in 17 years. Finally, Punjab National Bank announced a $1.8-billion fraud, the net liability of which to the bank (and the banking system) is yet to be determined. Three of the largest PSBs with negative news haveadded fresh decibel levels to the clamour for reform of PSBs.And “reform” in the context of PSB usually means one silver bullet — privatisation.

Anthony Harvey/Getty and Scott Olson/GettyRich people do things differently than the average person — they find comfort in uncertainty, pursue their passions, and dedicate at least 15 minutes a day to just thinking.
They also wake up really early.

Strelka Institute for Media, Architecture and Design/flickr"Networking" isn't just drinking a glass of chardonnay at a party while chitchatting about your career.
It isn't handing your business card to someone and walking away.

Strelka Institute for Media, Architecture and Design/flickr"Networking" isn't just drinking a glass of chardonnay at a party while chitchatting about your career.
It isn't handing your business card to someone and walking away.